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Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

Quoting emmanuel7788
XAU May14 Week20 May 13 to 17 - Weekly big candle WCC High-Low {image} 4Hr {image} > any possible swing low will be within this WCC High-Low for buy setups

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...

XAU May15 UPDATE:

- there was a swing low and a setup candle

- did you find an entry and survived those long spikes ?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} XAU May15 UPDATE: - there was a swing low and a setup candle - did you find an entry and survived those long spikes ? {image} ... {image}

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XAU May15 UPDATE

-hitting TP is nice

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} XAU May15 UPDATE -hitting TP is nice {image} ... {image}

XAU May16 UPDATE:

- strong demand for Gold drives prices higher

- possible move higher into the region between 2388 and 2417

- breaking 2417 would be nice for more profits next week


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} BTC Week20 May 14 UPDATE: - its back to BRN 63000 before last Friday May10 'big dipper' {image} ... {image}

BTC May16 Daily London Open 8am

- will be looking at further buys above 66498 today

- protect all downside risks

- lots of room to BRN70000



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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Reply to a few PMs this week.

1. Why would anyone hold on to sell positions and adding to sell losing positions the last 2 weeks

2. Using the TDI and its yellow Market Base Line and its 50-level, do we sell when the green and red line is above its 50-level?

3. What is 2CLB ?

EurCad Daily

> if you follow the OP' post #281, and make the transition to trade the 4Hr and Daily ... you would not be selling the last 2 weeks and definitely not holding onto sell positions in drawdown.
> its not just about the yellow MBL and the 5-0-level of the TDI, you need to look at the overall Market Type conditions based on Big Picture Price Action and Swing Highs/Swing Low , Support/Resistance ... and the TDI Volatility Band blue band lines
> is the VB wide or narrow ... using @Tymen terms, is the VB balloon or sausage shape?



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EurCad Weekly

> 2CLB on Weekly is the previous two-weeks' High
> if sell positions hit the 2CLB , then "cut losses short" ... you do not hold onto DD for more than two weeks.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
This post to reply a few PMs on indicators and settings, and what is the correct settings.

Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.


Spend more time on developing your Money Management strategies that will help you achieve your financial objectives in trading the markets.
At the same time, develop your Mental strategies to support your trading psychology when you are trading in live market conditions.

Big E' 5-Method is less than 5% of the trading system. The rest of 95% is your money management and trading psychology that will be important components of your winning edge.
The 5-Method' entries and exits must have a Statistical edge in winning over a long term.

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…
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
XAU Week 21 May 20 to 24

- looking very bullish

- but be careful when you chase after bulls when at new high,


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
BTC May 20 Weekly

- Bullish week closed

- WCC high-low

- Swing Low

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
EU May20 Weekly

- will test BRN 10900

- may move higher


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Hi

I use MT5 and not MT4. Can someone tell me what the TDI's settings should be?

Thank you.
Quoting Choppie
Hi I use MT5 and not MT4. Can someone tell me what the TDI's settings should be? Thank you.

use the same MT4 default setting in post #25


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
EU May20 Weekly - will test BRN 10900 - may move higher {image} ...
Hello, @emmanuel, excellent analysis! I observed that your strategy includes the intersection of two EMAs. Would you mind sharing the configurations for those Moving Averages and the candle color-changing indicator?
Quoting emmanuel7788
{quote} hi @NolanFelix the white MA is 5-period LWMA(5) Close price, Shift0 the APB/HA candle in post#25 the yellow MA is the 5-Method 5-period EMA(5), Typical Price, Shift+2 TMS pairs at London 6am 4Hr May 21, {image} ...
Very Very Thankyou for sharing knowledge

I noticed your chat; you've been on this platform since 2008, assisting people.
As a beginner, I'm curious about what steps I should take to become a profitable trader.
For instance, which timeframe would be most suitable for me?
Should I pursue trading full-time, or should I set aside specific times to review charts?
Currently, I'm a student with knowledge from YouTube and no practical experience.
Your guidance would be greatly appreciated.
Quoting emmanuel7788
{quote} hi @NolanFelix the white MA is 5-period LWMA(5) Close price, Shift0 the APB/HA candle in post#25 the yellow MA is the 5-Method 5-period EMA(5), Typical Price, Shift+2 TMS pairs at London 6am 4Hr May 21, {image} ...
I am new to this platform and don't know how to find #25Post. Please guide me.
Is this indicator available in any specific broker or free to use in trading view plateform (Shift+2 TMS pairs at London 6am, Shift0 the APB/HA candle)
EMA is widely accessible, but if you know of any platform that provides a more accurate EMA and other 2 indicators, please let me know as it would be helpful.
Quoting NolanFelix
{quote} I am new to this platform and don't know how to find #25Post. Please guide me. Is this indicator available in any specific broker or free to use in trading view plateform (Shift+2 TMS pairs at London 6am, Shift0 the APB/HA candle) EMA is widely accessible, but if you know of any platform that provides a more accurate EMA and other 2 indicators, please let me know as it would be helpful.
Hi

To learn about this platform you could perhaps start with the HELP - see above your chart.

Go well / Mos

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Don't limit yourself!!
Quoting emmanuel7788
This post to reply a few PMs on indicators and settings, and what is the correct settings. Too much time is being spent on TDI and Stochastics, Too little time on Price Action and Support/Resistance. And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run. You need to find your WINNING EDGE and the TDI is not in the winning edge equation. Spend more time on developing your Money Management strategies that will help you achieve your financial objectives in trading the markets....

So far, this is the best post I've read on this topic. But the flaw in all topics, without exception, is getting lost along the way. The owner of the topic starts his idea cleanly, but along the way he starts to mix several topics, leaving the topic confusing. A beautiful example of a topic that nowadays doesn't make any sense at all is Pivot trading. the author says: To operate my system you need to have 2 years of experience lol. If a beginner starts reading the topic, he asks to read his topic from beginning to end and his topic only covers a maximum of 10 to 20 pages. After a few hundred pages, the owner of the topic, in order to maintain the essence, summarizes what was important up to that exact moment. Some topics may even be interesting, but over time, they're just a bunch of random information.
Topic Pivot trading, don't be offended, it's just a reality.
Quoting mosiskv
{quote} Hi To learn about this platform you could perhaps start with the HELP - see above your chart. Go well / Mos {image} {image}
Bro i know nothing about scripts and how to use them, the files available on Post #25 dont know how to use them please guide me.
which broker offers to use these scripts? if i can do it on trading view or MT4/MT5 please let me know because i didnt knew this kind of things exists.
If any video available to understand this please suggest me
Quoting NolanFelix
{quote} Bro i know nothing about scripts and how to use them, the files available on Post #25 dont know how to use them please guide me. which broker offers to use these scripts? if i can do it on trading view or MT4/MT5 please let me know because i didnt knew this kind of things exists. If any video available to understand this please suggest me

This link would be a good start: help on scripts
Quoting NolanFelix
{quote} Bro i know nothing about scripts and how to use them, the files available on Post #25 dont know how to use them please guide me. which broker offers to use these scripts? if i can do it on trading view or MT4/MT5 please let me know because i didnt knew this kind of things exists. If any video available to understand this please suggest me
Hi

The files on post 25 are indicator & tpl(template).
You use them on MT4.

Read from post 1 - Eelfranz's posts if you want to trade his TMS.
Follow the posts of Tommy too - here.

Brokers - just look at the bottom of your screen of this topic to see the list of brokers on FF.
Google "trading view" to get your answers on that.
Google "MT5" too - you will get lots of info.
Google the subject you want to know something about - including videos(Youtube).

You will find that it is best if you do some(most/all) things yourself - in the end it is YOU who do the trading and nobody else - so best is to do some research yourself(Also - read the HELP for starters! - there are NO shortcuts in the end.)

Go well / Mos
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Don't limit yourself!!
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